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Thread: LOT buys CONDOR
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Old 11th Mar 2020, 11:33
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foxcharliep2
 
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Looks like the LOT buyout of Condor could be in danger of failing due to the current Corona situation according to German news today on the Spiegel.

PAG the parent company of LOT is in bad shape and says they could have bought Condor much cheaper.

Next negotation on buyout is tomorrow. The German Gvt. loan of 380€ mio. has to be paid back in April.

https://www.spiegel.de/wirtschaft/un...f-f7d80ab465c4
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